by groupm7 | Nov 9, 2026 | Blog
For most small business owners, strong revenue growth is something to celebrate. But a profitable year can also significantly increase your income tax liability. If your business is on track for a banner year, now is the time to evaluate tax-reduction strategies....
by groupm7 | Nov 6, 2026 | Blog
Whether you’re launching a new venture or expanding an existing one, it’s often easier to buy an established business than to build market share from scratch. Before signing a purchase agreement, however, you should review the seller’s financial records to understand...
by groupm7 | Nov 4, 2026 | Blog
IRS audit rates remain relatively low, but that’s little consolation if the IRS selects your return for an examination. Although most taxpayers will never face an audit, business owners often have more complex tax situations that can attract IRS attention. The good...
by groupm7 | Nov 3, 2026 | Blog
A new deduction for qualified passenger vehicle loan interest became available in 2025. Now, the IRS has released final regulations for the deduction. They include several important tweaks to the proposed regs issued at the end of 2025. Here’s what you need to know,...
by groupm7 | Nov 2, 2026 | Blog
Audit preparation should begin long before fieldwork starts. Giving your accounting team and external auditor time to address significant transactions, reconcile accounts and assemble supporting documents can help streamline the audit process and avoid...
